I am asked repeatedly when I am out and about, how the real estate market is doing. A simple question right? Well the simple answer is there are alot of people who would like to buy real estate in Steamboat Springs, and have been waiting for the market to hit bottom and there are sellers who have been waiting for the market to rebound but the gap remains!
Buyers are still looking for the foreclosure and distressed properties and sellers are wishing and hoping for prices to rebound at a rate of appreciation close to what we saw in 2006-2007. The reality today is somewhere in the middle.
There are still foreclosures and short sales, however they are drying up quickly. There are segments of the market in Steamboat Springs where sellers can see an appreciable jump in home prices,(the single family home and residential condo market under $350) and while the market is moving in a very positive direction, the gap remains.
Lack of inventory (at latest count only 271 single family homes and even fewer residential condos on the market) is still keeping buyers out of the market, and sellers are still looking to their neighbors property to sell at a higher price before jumping into the market.
So.....How is the market doing? My answer today is mixed up! I wish I had many more single family homes and residential condo listings under $300K where we are actually seeing multiple offers but until buyers expectations get closer to seller expectations we will continue to have a mix of results in the Steamboat market.
Author:Victoria Jackson and Mike Shuttleworth Phone: 970-846-8692 Dated: April 9th 2013 Views: 728 About Victoria Jackson and: The Steamboat Luxury Team -Vicki Jackson and Mike Shuttleworth
Vicki Jackson has been a Realtor f...
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COLDWELL BANKER notables:
NUMBER OF U.S. TRANSACTION SIDES: 727,415
AVERAGE U.S. SALES PRICE: $315,324 (14.2% higher than the NAR 2016 Average**)
TOTAL U.S. SALES VOLUME: $229.4 BILLION
NUMBER OF U.S. $1 MILLION+ TRANSACTION SIDES: 24,790 ($1.9 million average sales price)
INDEPENDENT CONTRACTOR SALES ASSOCIATES/REPRESENTATIVES WORLDWIDE: 88,000+
COLDWELL BANKER OFFICES WORLDWIDE: approximately 3.000
The Steamboat Luxury Team, 10th among all Coldwell Banker Teams in Colorado. from its very formation, has been unique in our approach to real estate, and how we take care of our clients. Our temperament, ethics, experience and success in residential, investment, and commercial real estate separates us from other real estate agents in the valley.. As a result of our approach, all of our associates work together to assist you with every aspect of your real estate transaction. This means that instead of just one agent, you have an entire team of professionals working for you. Local knowledge supported by America’s premier Real Estate Company
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A Lack of Inventory Continues to Impact the Housing MarketThe housing
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